石油输出国组织 Organization of Arab Petroleum Exporting Countries
The principal objective of the Organization is the cooperation of the members in various forms of economic activity in the petroleum industry, the realization of the closest ties among them in this field, the determination of ways and means of safeguarding the legitimate interests of its members in the industry, individually and collectively, the unification of efforts to ensure the flow of petroleum to its consumption markets on equitable and reasonable terms, and the creation of suitable climate for the capital and expertise invested in the petroleum industry in the member countries.
The Organization of Arab Petroleum Exporting Countries (OAPEC) is a regional inter-governmental organization established by an agreement signed in Beirut on January 9, 1968 by Kuwait, Libyan (Kingdom of Libya at that time) and the Kingdom of Saudi Arabia. The three founding members chose the state of Kuwait for the Organizations' domicile and headquarters.
Recognizing the role of Petroleum as a principal and basic source of its members' income, OAPEC is concerned with the development and prosperity of the world petroleum industry by fostering close and fruitful cooperation among its members.
It is guided by the belief in the importance of building an integrated petroleum industry as a cornerstone for future economic integration amongst Arab countries and contributes to the effective use of the resources of member countries through sponsoring joint ventures.